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Dec 9, 2013
12/13
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the deficit cannot be cured by these big spending programs like health care, etc. and in my opinion, it sounds a lot like -- [inaudible] >> guest: i didn't get that, but -- >> host: all right, let us take a question from twitter. please explain why federal government has co-mingled social security and medicare with general budget funded by different systems. >> guest: well, social security is funded by a payroll tax, and part of ped care is funded by the payroll tax. the money is accounted for separately, but it is all part of the federal government. social security is, after all, a federal government program. the tax is a federal tax, and the benefits come out of the treasury. so, you know, it is important to account for it separately since we have a dedicated payroll tax for that purpose. but it is, you're, ideally -- you know, ideally we should be balancing the -- balance the budget at the moment, but ideally it would be good if we could say social security was completely off budget. and technically speaking, it is off budget. but as i said, it's money that come
the deficit cannot be cured by these big spending programs like health care, etc. and in my opinion, it sounds a lot like -- [inaudible] >> guest: i didn't get that, but -- >> host: all right, let us take a question from twitter. please explain why federal government has co-mingled social security and medicare with general budget funded by different systems. >> guest: well, social security is funded by a payroll tax, and part of ped care is funded by the payroll tax. the money...
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Dec 5, 2013
12/13
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fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools that graduate more kids with the technical training and apprenticeships, and in-demand, high-tech skills that can lead directly to a good job and a middle-class life. we know it's harder to find a job today without some higher education, so we've helped more students go to college with grants and loans that go farther than before. we've made it more practical to repay those loans. and today, more students are graduating from college than ever before. we're also pursuing an aggressive strategy to promote innovat
fiscal deficit. [applause] so that's step one towards restoring mobility, making sure our economy is growing faster. step two is making sure we empower more americans with the skills and education they need to compete in a highly competitive global economy. we know that education is the most important predictor of income today, so we launched a race to the top in our schools. we're supporting states that have raised standards for teaching and learning. we're pushing for redesigned high schools...
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Dec 9, 2013
12/13
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the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is on our line for and dependents. -- for independents. caller: reducing some of the so sex expenses of means testing -- of the social security's of means testing. 50,000, and increasing the social security age by one year. thank you. guest: i think that sounds like a pretty good plan. i would vote for it. i think the long-term problems of social security have to be addressed by some combination of reduced benefits and that does not mean reduced absolute benefits, and new revenue. i think the combination you probably is where thin
the program is running a deficit. able toecurity is receive sufficient funding by cashing in the bonds it has in that is anund, but expense to the treasury which has to come up with the money to cover those bond payments into social security. the bottom line is it is part of the federal budget. we have not privatized the system. the money is accounted for separately. the government is not going to default on the money it owes to social security or to the medicare part a trust fund. host: bob is...
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Dec 5, 2013
12/13
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particularly when there's so much concern with the deficit and debt. medicare has historically said payments to m.a. plans bundle or equal to what medicare would expect to play in the video program who enroll in the plan. this changed in 2003, and by 2009 payments were considerably higher than medicare would've paid for the same beneficiaries if they were in the traditional program. this cost every beneficiary more and added part b premiums and it provides little incentives for m.a. plans to become more efficient. when i examined the 2009 plan data i found wide variation in m.a. plans costs relative to traditional medicare spending. even going for plan levels, plant types and payment levels. that suggest there was room for a lot more efficiency in the program variable across plains. and the policy changes that were in the aca reflect recommendation that congress' own medicare payment advisory commission has advocated for years. third, many of the concerns raised about 2014 offerings either to my mind from what i've looked at are not consistent with evi
particularly when there's so much concern with the deficit and debt. medicare has historically said payments to m.a. plans bundle or equal to what medicare would expect to play in the video program who enroll in the plan. this changed in 2003, and by 2009 payments were considerably higher than medicare would've paid for the same beneficiaries if they were in the traditional program. this cost every beneficiary more and added part b premiums and it provides little incentives for m.a. plans to...
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Dec 8, 2013
12/13
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we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate is at least twice as high as it was at the expiration of every previous extended ui benefit program. the extraordinary circumstances in a few words continue. the report also sets out the economic impact of a failure to act. it occurs with cbo, wall street analysts and other economists, that allowing the federal ui program to expire who cost our economy at least 200,000 jobs next year because of reduced consumer demand. for this congress to ignore the national economic impact would be shortsighted. to ignore the human, the individual human impact would be cold hearted. that is not the be
we have never had anything close to such a sustained job deficit after any recent downturn. it has been said in opposition to an extension that the federal emergency unemployment compensation program was adopted, and i quote, for extraordinary circumstances that are disappearing. no, no. these extraordinary circumstances continue adds indicated in the report issued just this morning by president obama's council of economic advisors, that highlights that the current long-term unemployment rate...
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Dec 5, 2013
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particularly when there is so much concern with the deficit and debt. medicare is historically aimed to set a men's to ma plans equal to what medicare would expect to pay in a traditional program. bys changed in 2003, and 2009 came into a considerably higher that medicare would have paid for the same beneficiaries if they were in the same program. this cost every beneficiary more and added part b damien's, providing little incentives to become more efficient. . found wide variations that suggests there was room for a lot more efficiency in the program. were incy changes that the aca reflect recommendations that congress'own commission has advocated for years. raised the concerns offerings to my mind are not consistent with the evidence on her part the way competitive markets work. the already addressed protections and places in the program. only five percent of beneficiaries in 2014 will have to shift plans. most will be able to stay in the same type of land. 21%average premium was down for a beneficiary, and premiums stable in 2014. some beneficiaries
particularly when there is so much concern with the deficit and debt. medicare is historically aimed to set a men's to ma plans equal to what medicare would expect to pay in a traditional program. bys changed in 2003, and 2009 came into a considerably higher that medicare would have paid for the same beneficiaries if they were in the same program. this cost every beneficiary more and added part b damien's, providing little incentives to become more efficient. . found wide variations that...
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Dec 10, 2013
12/13
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there would not be this unrelenting focus in washington on more spending cuts at a time when the budget deficit has been rapidly shrinking. so, as we prepare to close the books on the first year of what is on track to go down as the least productive congressional year in history, it's time to ask, despite all of its many faults, whether the tea party has been a boom to conservatism in america? karen finney, host of "disrupt" weekends on msnbc, and sam seder, host of the online political talk show and podcast "majority report," and david sirota. karen, what do you think, has it been good or bad for conservatism, the tea party, and not good or bad for the country. i think everyone at this table agrees it's bad for the country, really bad for the country, terrible, destructive in all the way as talk about all the time, but good or bad for the conservative movement? >> bad, because particularly if you think about the 2014 election, that election is going to be nationalized. and the problem when you have a nationalized election is you have to have a unified message. they don't have that. the conserv
there would not be this unrelenting focus in washington on more spending cuts at a time when the budget deficit has been rapidly shrinking. so, as we prepare to close the books on the first year of what is on track to go down as the least productive congressional year in history, it's time to ask, despite all of its many faults, whether the tea party has been a boom to conservatism in america? karen finney, host of "disrupt" weekends on msnbc, and sam seder, host of the online...
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Dec 10, 2013
12/13
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it is not going to be deficit. there is no way for me to accept handout. you looke unemployed, for work. if they pay you less, take the less. it is better than taking the handout. some of the callers mentioned israel. and the jewish people hate that. that is the government of israel. taking that and putting that in their pocket. host: some of the money should be spent here at home to extend unemployment insurance benefits. do you think that is a good route to go? caller: that is a copout. somed states has to have helping hand. it doesn't has to go all to israel. it has to go somewhere to the people. they need, too. if they go to a welfare department, state department, the defense department, you will see that these people are charging $100 for a meal which costs $.50, and nobody is overseeing it. host: one last tweet from mark stone. that is going to do is for first 45 minutes. up next, john garamendi joins us to talk about the deal that was announced yesterday. and later, john engler will join us to discuss congressional gridlock and how it is impacting t
it is not going to be deficit. there is no way for me to accept handout. you looke unemployed, for work. if they pay you less, take the less. it is better than taking the handout. some of the callers mentioned israel. and the jewish people hate that. that is the government of israel. taking that and putting that in their pocket. host: some of the money should be spent here at home to extend unemployment insurance benefits. do you think that is a good route to go? caller: that is a copout. somed...
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Dec 4, 2013
12/13
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in the long run what we say about health care costs shows up in entire paychecks for workers and/or deficits the government. indeed, the cbo estimates that in the second decade the aca is in effect once it is in effect it will shave .5% of gdp off our deficit every year. which is about $80 billion each year in today's economy. "the new york times" reports this morning that the cost of the aca are heading in the other direction. so economic benefits are going up, costs are going down. now, how do we implement all these benefits to make sure they translate to better care for everyone? because it will allow -- as i said, millions of americans have been benefiting from them since 2010. what we have to do is keep spreading the word so america's know that these options are available to them. for americans without insurance are working to help them get covered. this is where much of the attention has been since october 1. the new health insurance marketplace will help ensure millions of hard-working americans find affordable health care. in states where governors and legislators, candidates and sta
in the long run what we say about health care costs shows up in entire paychecks for workers and/or deficits the government. indeed, the cbo estimates that in the second decade the aca is in effect once it is in effect it will shave .5% of gdp off our deficit every year. which is about $80 billion each year in today's economy. "the new york times" reports this morning that the cost of the aca are heading in the other direction. so economic benefits are going up, costs are going down....
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Dec 10, 2013
12/13
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trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion authority. the cynical renaming of fast track. reciprocal the trade authority act. and that is a mechanism president roosevelt had that only pertained to tariffs. yes, it is true from 1934, the reciprocal tariff act had tariff proclamation authority, t.p.a., totally different thing than the t.p.a. that equals fast track. truth, a handful of presidents since nixon has had fast track. and now for the politics. the question is, will this house of representatives give president obama this extraordinary authority to push through the tr
trade deficit has exploded. since nafta and w.t.o., we have lost over five million of our manufacturing jobs, 40,000 factories gone and real wages down across the economy. in fact, true audit, our export growth to countries we do not have fast track trade agreements with is actually 38% higher than those with which we do have the fast track agreements. myth number three, every president since roosevelt has had t.p.a. warning, trick acronym. t.p.a. also is an acronym for trade promotion...
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Dec 7, 2013
12/13
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there is a third group of symptoms which we call the the cognitiveoms, deficits. those are problems with memory and problems of attention. sadly, we do not have good treatments for those latter two categories. we have treatments for hallucinations and delusions, medications at work quite well. but the other parts of this syndrome, the parts that are often even more disabling, we need to come up with much better treatments. that is part of why nih is so focused on developing both better diagnostics and better therapeutics for these kinds of illnesses. host: this tweet on the issue of mental health -- are there any other significant development being made in other countries? guest: it is a great question. recently, mental disorder research has become global. there is a lot of interest in global mental health, and that is not just from europe and australia. canada and increasingly in other parts of the world. the disorders we're talking about our global and not unique to the developed world. as a result, there have been some very interesting little-resource environme
there is a third group of symptoms which we call the the cognitiveoms, deficits. those are problems with memory and problems of attention. sadly, we do not have good treatments for those latter two categories. we have treatments for hallucinations and delusions, medications at work quite well. but the other parts of this syndrome, the parts that are often even more disabling, we need to come up with much better treatments. that is part of why nih is so focused on developing both better...
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Dec 3, 2013
12/13
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no increase in the deficit. we already know that this bill is going to cost some two or three times what it was purported to cost. and i think the most famous one we've all heard now enough times, you like your doctor you can keep it. if you like your health insurance plan you can keep it. not true. we were tasked on the republican study committee, health committee, to come up with a market-centered approach to health care, which would include no new taxes, no mandate, maintaining the doctor-patient relationship. it's a short bill of 180 pages. it's been reviewed back during the bush administration to increase by nine million to 11 million people who would have health insurance and we think far more than that and there are six titles to this bill, very simple to understand, one is to overturn the affordable care act. that's number one. number two, equalize the tax treatment between an individual and company. what does that mean? i'll use myself as an example. when i worked for my medical group my health insuranc
no increase in the deficit. we already know that this bill is going to cost some two or three times what it was purported to cost. and i think the most famous one we've all heard now enough times, you like your doctor you can keep it. if you like your health insurance plan you can keep it. not true. we were tasked on the republican study committee, health committee, to come up with a market-centered approach to health care, which would include no new taxes, no mandate, maintaining the...
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Dec 5, 2013
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speaker, i would say that such policies, if we were to continue, would lead to greater federal deficit, which would eventually reduce the nation's output in income, slightly what would occur under current law. so i believe we should be focused on how we get folks back to work. that is where the house has been focused. unfortunately, after 140-some bills we passed over to the senate, they still await even consideration at all by that body. so with that, mr. speaker, i yield back. mr. hoyer: i thank the gentleman for his comment. we need to have the -- we don't have the time nor the inclination of going through the bills which the gentleman refers as jobs bills. of course we have an alternative and mr. van hollen will be talking about that in terms of jobs, investment, infrastructure, investment in education and growing jobs for our people. but the fact of the matter is, mr. speaker, there are 1.3 million people who can't find a job. to say that they will be disincentivized because we continue to give them some support so they can survive and their families can survive during the period
speaker, i would say that such policies, if we were to continue, would lead to greater federal deficit, which would eventually reduce the nation's output in income, slightly what would occur under current law. so i believe we should be focused on how we get folks back to work. that is where the house has been focused. unfortunately, after 140-some bills we passed over to the senate, they still await even consideration at all by that body. so with that, mr. speaker, i yield back. mr. hoyer: i...
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Dec 5, 2013
12/13
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we talk about the budget deficit, the reason we have a budget deficit is because we have a trade deficit. the outsourcing of jobs from coast-to-coast. there is simply no reason to bring up a deal under the fast-tracked procedure which will not permit amendment on this floor, a deal negotiated in secret by yet another presidential administration, and don't americans know how the middle class has been shrinking, how incomes have been shrinking, how production from coast-to-coast has been outsourced? i wish to place additional remarks in the record associating myself with the special order this evening that calls on the administration to rebalance our trade accounts. they could take up a bill that i have authored to rebalance america's trade accounts and take a look at all of these nations with which we have amassed these huge, huge deficits, with our production being outsourced. madam speaker, let's table the trance pacific partnership deal. et's table -- transpacific partnership deal. let's table this model. i yield back the balance of my time. the speaker pro tempore: without objection,
we talk about the budget deficit, the reason we have a budget deficit is because we have a trade deficit. the outsourcing of jobs from coast-to-coast. there is simply no reason to bring up a deal under the fast-tracked procedure which will not permit amendment on this floor, a deal negotiated in secret by yet another presidential administration, and don't americans know how the middle class has been shrinking, how incomes have been shrinking, how production from coast-to-coast has been...
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Dec 3, 2013
12/13
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no one looks even though as it's important as the budgetary deficit is the commercial deficits. minus 67 billion euros for france in 2012 when the gemini surface is 188 billion euros. what does that mean? it means that our economy is totally unbalanced. we produce less and less so we have two import a growing part of what we consume and as a consequence we run a growing deficit and factories are closing. we consume but others are producing. the french crisis is not a crisis of demand. it is a crisis of supply, like in other countries in europe. our capacity to consume is not the problem because of the welfare state. what is the problem is our capacity to produce and sell more goods and services in france. so we will be able to get rid of this spiral we are stuck and only if we manage to change. for a long time friends nurse demand by the development of public employment and redistribution. all this was financed by ever-growing taxes. now this cannot function anymore. we have to change it radically and that is exactly the program we are working on and we will have to change that
no one looks even though as it's important as the budgetary deficit is the commercial deficits. minus 67 billion euros for france in 2012 when the gemini surface is 188 billion euros. what does that mean? it means that our economy is totally unbalanced. we produce less and less so we have two import a growing part of what we consume and as a consequence we run a growing deficit and factories are closing. we consume but others are producing. the french crisis is not a crisis of demand. it is a...